In a bid to identify opportunities to strengthen its value proposition and improve its financial performance, US discounter Family Dollar Stores has announced plans to cut jobs and close around 370 underperforming stores.>

Despite booking record third quarter results which saw higher sales contribute to a 12.1% jump in profit, US discount retailer Family Dollar Stores admits that demand for more discretionary categories like apparel continues "to be challenged.">

US discount retailer Family Dollar Stores Inc today (29 September) named Edward Garden, one of the founders of Trian Partners, as a director - as part of an agreement that limits the investment firm's stake in the business.>